Oatly Group (NASDAQ:OTLY) Price Target Raised to $10.00 at Barclays

Oatly Group (NASDAQ:OTLY - Get Free Report) had its price target hoisted by equities research analysts at Barclays from $1.00 to $10.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's target price would suggest a potential downside of 6.02% from the stock's previous close.

Oatly Group Trading Up 10.7 %

Shares of NASDAQ:OTLY traded up $1.03 during trading on Tuesday, reaching $10.64. The stock had a trading volume of 676,703 shares, compared to its average volume of 303,392. The business has a fifty day moving average price of $11.85 and a 200-day moving average price of $14.69. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.39. The stock has a market cap of $316.57 million, a P/E ratio of -1.56 and a beta of 1.96. Oatly Group has a fifty-two week low of $6.00 and a fifty-two week high of $26.80.

Hedge Funds Weigh In On Oatly Group

A number of institutional investors have recently modified their holdings of the company. Portolan Capital Management LLC raised its position in shares of Oatly Group by 66.8% in the fourth quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company's stock valued at $5,247,000 after buying an additional 3,169,805 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Oatly Group by 19.6% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,895,635 shares of the company's stock valued at $6,746,000 after buying an additional 1,292,592 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Oatly Group by 4.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,701,722 shares of the company's stock valued at $6,580,000 after buying an additional 358,978 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in shares of Oatly Group in the fourth quarter valued at approximately $1,522,000. Finally, GSA Capital Partners LLP raised its position in shares of Oatly Group by 3.6% in the third quarter. GSA Capital Partners LLP now owns 2,264,754 shares of the company's stock valued at $1,935,000 after buying an additional 78,831 shares during the last quarter. Institutional investors and hedge funds own 68.15% of the company's stock.

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About Oatly Group

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.